According to a recently published report by Research Nester on “Naval Combat Systems Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the naval combat systems market in terms of market segmentation by type, by platform type, by applications and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The naval combat system market is segmented by type, platform type, applications and region. Based on type, the market is segmented into C4ISR, electronic warfare, weapon and other. On the basis of platform type, the market is segmented into underwater based and surface based. Based upon the applications, the market is segmented into small patrol boats, large aircraft carriers, submarines and other. The naval combat system market is anticipated to record a CAGR of around 4% over the forecast period i.e. 2019-2027. The market is segmented by type, platform type and applications. By type, the C4ISR segment is anticipated to have high growth rate on account of integrated C4ISR system’s acceptance in the market. C4ISR includes combination of different technologies such as C2 systems for command and control, SDR, satellites, and other portable devices for communication. C4ISR systems are widely being adopted for maritime patrolling.
North America region is expected to grow significantly on the back of being the prime manufacturing hub. Asia Pacific region is expected to grow owing to tension across various regions such as Arabian Sea, Indian Ocean, and South China Sea to procure advanced combat systems. Europe is also expected to grow significantly on the back of increasing demand for advanced naval combat systems.
Increasing number of unmanned vehicles
The unmanned underwater vehicles or unmanned drones provide the naval combat systems with the opportunities to undertake various operations such as combat search and rescue, electronic warfare, C4ISR, and communication transfer. The advanced naval combat system provides various functions in underwater unmanned vehicles such as efficient and precise naval intelligence, surveillance, mine countermeasures (MCM) operations, monitoring systems, intelligence and reconnaissance (ISR), and anti-submarine warfare missions. Thereby, the increasing number of unmanned vehicles is expected to boost the growth of the naval combat systems.
Protects the life of naval personnel
The advanced functions of underwater unmanned vehicles help them in withstanding hazardous chemical and dangerous situations which helps to protect the life of a navy personal is therefore expected to boost the growth of the naval combat systems market.
However, intergovernmental restrictions and lack of advanced technologies and outdated radar systems are expected to be a key restraint towards the growth of naval combat systems market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the naval combat systems market which includes company profiling of Saab AB, Ultra Electronics, Elbit Systems, Kongsberg Gruppen, QinetiQ Group, Thales Group, Raytheon, Lockhead Martin, Leonardo and BAE Systems. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the naval combat systems market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.